Wednesday, September 23, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    XRP Ledger-Based Application XUMM is Now Available in Beta Version

    Must Read

    Federal Banks Are Now Free To Hold Reserve Currencies for Stablecoins, Says US Regulator

    According to an interpretive letter released from the United States Office of Comptroller of the Currency, federal banks are...

    Tron Foundation and Unknown Whales Moved 3.5 Billion TRX within One Hour

    According to Whale Alert, the tracker of large transactions of cryptocurrency from one wallet to another, Tron Foundation and...

    Binance Reveals What Prevents Traditional Brokers from Offering Crypto Services

    Binance, the arguably largest cryptocurrency exchange by trading volume, has revealed the major prevention of traditional brokers from offering...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    According to Wietse Wind, a lead developer at the Ripple-powered XRP Ledger Labs, the XRPL based application, XUMM, is now available in beta version.

    The application is expected to allow users to store cryptocurrencies and fiat currencies such as Euros, US Dollars and others, in their respective wallets.

    Going by the report, the project is now in its final stages and the beta version should be available on iOS App Store & Google Play Store on 24th March 2020.

    Wietse Wind shared this, “Last lines of code, last fixes, last pages for the Beta site. Yes, we’re actually going to publish the XUMM Public Beta to the iOS App Store & Google Play Store today.”

    Wietse Wind also noted that the team will soon share the “Get XUMM [Beta]” website, as the beta version of the application is released.

    – (We hope Apple & Google approve our Beta release quickly, so we can share the “Get XUMM (Beta)” site!)”

    Wietse Wind Warns Users about the Security of the Beta Version

    The lead developer at XRPL Labs Wietse Wind further warned the users not to use the XUMM beta version with accounts that possess a huge amount of funds.

    He said, “…don’t transfer high amounts of XRP/IOU’s. We’re launching a BETA. Expect dragons”

    However, Wind later addressed the possible security issue after the inquiry of a supposed user.

    He said, “You hold the keys, locally, encrypted, on your own device. They are never sent, your local device signs transactions. You authorize the signing with a passphrase (high-value accounts) or pin (spending accounts) + face/touch ID.”

    According to Wietse Wind, the availability and usage of XUMM will be worldwide, including in the United States.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Federal Banks Are Now Free To Hold Reserve Currencies for Stablecoins, Says US Regulator

    According to an interpretive letter released from the United States Office of Comptroller of the Currency, federal banks are...

    Tron Foundation and Unknown Whales Moved 3.5 Billion TRX within One Hour

    According to Whale Alert, the tracker of large transactions of cryptocurrency from one wallet to another, Tron Foundation and unknown crypto whales moved about...

    Binance Reveals What Prevents Traditional Brokers from Offering Crypto Services

    Binance, the arguably largest cryptocurrency exchange by trading volume, has revealed the major prevention of traditional brokers from offering crypto services. This was revealed in...

    Crypto Trader Lists the Reasons Why XRP Price Will Never Attain 5 Figures

    A cryptocurrency trader and investor has some hours ago listed the reasons why he thinks that the Ripple’s digital token XRP can never attain...

    Jed McCaleb Effects about $3 Million Selloff, As XRP Liquidity Indexes Stay Low

    Going by the recent data released by Bithomp, Jed McCaleb, who co-founded the cross-border payment giant, Ripple, has initiated another selloff of the digital...

    More Articles Like This